What Our Clients Are Talking About Behind The Scenes

September 19, 2022 in Wall Street Whispers

FLASH COMMENTS: I am sure everyone was quite happy when Friday ended last week after the sharp move lower in the U.S. equity market.  All 11 Sectors (GICS L-1) were down over 2% and the underperformers all fell over 6% with my recently downgraded again Industrials and Material among the worst four areas.  At the stock level, only 25 names …

What Our Clients Are Talking About Behind The Scenes

September 9, 2022 in Wall Street Whispers

FLASH COMMENTS: Well, here we go again.  The S&P 500 has begun another tactical oversold bounce after holding the 3900ish technical support level.  The U.S. Dollar also appears to have stalled after reaching an overbought condition, and lots of forecasters and talking heads are talking about excessive levels of pessimism, which has energized the bulls who were a bit beaten …

What Our Clients Are Talking About Behind The Scenes

in Wall Street Whispers

FLASH COMMENTS: Well, last week was on the quieter side as Street attendance was light during the unofficial last week of the summer.  Thus, this will be my last shortened commentary and will hope to shift back to a more detailed note going forward.  I am going to take today and just think out loud. Have we entered a new …

Sector Update:  Downside Risk Considerable — Downgrading Industrials & Materials (AGAIN) — Relative Attractiveness in Growth

in Sector Update

Executive Summary We did a deep dive into our sector (GICS L-1) work and have updated our thoughts.  We are reiterating our mainly Growth above Neutral view (HC, Staples, Utilities, Energy, and Tech) and our below Neutral Cyclicals (CD, Materials, Industrials, Financials and Comm Services) weighting.  Please note that Industrials and Materials were downgraded again from Tilt Below to Full …

What Our Clients Are Talking About Behind The Scenes

in Wall Street Whispers

FLASH COMMENTS: With things quieting down as many are away for this last week of the summer, I am once again going to keep my comments brief.  Well, we finally got past Jackson Hole and Chair Powell seems to have definitively cleared up the issue of the “Dovish Pivot.”  From my perspective, it has been interesting and frustrating to watch …